Great Falls tribune. [volume] (Great Falls, Mont.) 1887-1890, 1887-12-31
REAL ESTATE DEALS.
THE REALTY MARKET SHOWS
MARKED ANIMATION.
Investments by Michigan Capitalists.
Prices Firm---Prospects of
Building Boom Next
Spring.

| circles. Some important deals have been
concluded recently, while otLers are
| pending. Mr. Tock and Mr.. Freeman
| the Michigan gentlemen who have been
| here have secured some valuable prop
erty on terms which indicate that prices
| are firm and high, although not higher
than the prospects of the town would
| warrant. The investments made by the
Michigan parties alone amount to about
$4,000, and are all business property.
They include the Clingan lot on Fourth
street and Central avenue, opposite
Beachley's store-a location which is
growing daily in business Importance.
The gentleme manned also bought from
Frank Wilcox, the half lot which
adjoins the Clingan lot, and purchased
from Mrs. Dupont her house and lot on
First avenue south. They bought from
Judge Douglas the Gilt Edge saloon
building, with the half lot on which it
stands in Central avenue-one of those
good pieces of property which the judge
very shrewdly acquires from time to
time.
Messrs. Tock and Freeman are we'll
pleased with their investments and might
readily sell them at an advance The
property is all in good locations and it is
their intention to build two large
blocks on the Central avenue lots early in
the spring. These gentlemen came here
to look at some coal lands that had been
brought under their notice. They had no
intention OF OF investing in city realty,
but were SO impressed with the location
and solid look Of the town that they de-
cided to make the investments noted
They are both well-to-do residents of
Flushing, Michigan, and possess that ap-
titude for determining the value of prop
erty which distinguishes intelligent, en-
terprising western men from those who
have been brought up in the slow, easy
going east, where unimproved property
advances slowly compared with the rap
id rise in values in the west The man
ner and bearing of Messrs. Took and Free
man have impressed everyone favorably
and it is deemed a positive gain that they
have become connected with the town.
AS one instance Of their good judgment
it may be noted that part of the improved
property pays 90 per cent on the sum in
vested by them. This return. combined
with the prospect of an immediate adj
vance in the value of the property shows
clearly that investments il realty
pay better than deals in speculative secu-
rites wherein both principal and divi
dends are subject to constant fluctuations.
These and other transactions confirm the
general impression that there will be
boom in the spring
Mr.. Skinner of Grand Rapids, Michi-
gan, is also a recent investor. He has
purchased a 50-foot lot on Central av-
enue. He comes from a prosperous
place, but observes that nowhere has he
seen such combination of advantages
DIS bHlS Guy presents.
Residents show even greater confidence
than buyers from other towns. Thomas
E. Brady, the lawyer, who invested in
residence property last summer, has just
purchased two fifty foot lots on Central
avenue, on which costly blocks will be
built early in the spring. 1t is stated that
Mr.. Brady was offered a liberal advance
on the price he paid, but he feels that
the property will soon command a higher
figure and he shows no readiness to sell,
being convinced that in no other way
could the money be better invested. He
has received many inquiries from eastern
relative to investments
here. Other residents show like conf |
dence in the growth of the city, and are
about to begin building even before the
frost is out of the ground. Among these
are Hotchkiss & Hawkins, the enterpris- |
ing hardware men, who will have store
of their own early in the spring
Many persons still confound Great Falls |
lots with the 25-foot lots of other towns.
1t should be borne in mind that the lots
here have fifty feet front, and that values |
should be compared on that basis. |
In connection with realty the visit Of |
colonel BroadWater and his friends has |
had an encouraging effect, for it is felt |
hat Great Falls will gain in reputation
rom all such visits on the part Of men of |
Since the foregoing was put in type
Messrs. Took and Freeman have pur
chased six or seven additional lots, /
nearly doubling the investments noted
lbove. The gentlemen have plenty Of
,apital, and evidently have unlimited
confidence in Great Falls.
What Montana Can Do.
John and Hank Border. accomnanied I